The Revocable License agreement serves as a crucial legal instrument in Belgian business and commercial relationships, providing a framework for controlled and temporary authorization to use specific assets, properties, or rights. This document is particularly useful when the licensor wishes to maintain significant control over the licensed subject matter and retain the ability to terminate the arrangement under specified conditions. Governed by Belgian law, including the Civil Code and Code of Economic Law, it typically includes detailed provisions on the scope of the license, usage restrictions, quality control measures, and termination rights. The agreement is commonly used for software licensing, property usage, intellectual property rights, and various commercial arrangements where the licensor needs flexibility in managing the duration and terms of the license.
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1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and brief description of the subject matter being licensed
3. Definitions: Key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted, including its revocable nature
5. Term and Termination: Duration of the license and specific conditions for revocation and termination
6. License Fees: Payment terms and conditions, if applicable
7. Permitted Use: Specific terms and conditions regarding how the licensed item/property may be used
8. Licensee Obligations: Key responsibilities and restrictions imposed on the licensee
9. Licensor Rights: Rights retained by the licensor, including inspection and audit rights
10. Representations and Warranties: Basic warranties regarding ownership and right to license
11. Governing Law and Jurisdiction: Specification of Belgian law as governing law and jurisdiction for disputes
1. Intellectual Property Rights: Detailed provisions about IP ownership and protection, necessary when licensing involves significant IP assets
2. Confidentiality: Non-disclosure provisions, required when confidential information will be shared
3. Quality Control: Standards and quality requirements, important for brand licensing or technical implementations
4. Maintenance and Support: Terms for ongoing support or maintenance, relevant for software or technical licenses
5. Sub-licensing Rights: Terms regarding the right to sub-license, if permitted
6. Insurance: Insurance requirements, important for high-risk or high-value licenses
7. Data Protection: GDPR compliance provisions, required when personal data processing is involved
8. Force Majeure: Provisions for unforeseen circumstances, optional but recommended
9. Assignment: Terms regarding the transfer of license rights, if permitted
1. Schedule 1 - Licensed Property: Detailed description of the item, property, or rights being licensed
2. Schedule 2 - Fee Schedule: Detailed breakdown of license fees, payment terms, and calculation methods
3. Schedule 3 - Technical Specifications: Technical requirements or specifications for the licensed property
4. Schedule 4 - Usage Guidelines: Detailed guidelines for acceptable use of the licensed property
5. Schedule 5 - Service Levels: Performance standards and metrics, if applicable
6. Appendix A - Contact Details: Key contacts for both parties for various purposes (technical, administrative, legal)
Relevant legal definitions
Clauses
Relevant Industries
Technology
Software Development
Media and Entertainment
Real Estate
Manufacturing
Professional Services
Retail
Healthcare
Education
Research and Development
Telecommunications
Creative Industries
Biotechnology
Construction
Agriculture
Relevant Teams
Legal
Commercial
Business Development
Operations
Compliance
Risk Management
Property Management
Intellectual Property
Contract Administration
Corporate Affairs
Relevant Roles
Legal Counsel
Contract Manager
Intellectual Property Manager
Business Development Manager
Commercial Director
Operations Manager
Compliance Officer
Property Manager
Licensing Manager
Chief Legal Officer
Legal Administrator
Risk Manager
Business Owner
Project Manager
Technology Manager
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